2020-11-11T16:24:44-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-07-01 020400703 THE RIVERWOODS COMPANY AT EXETER NEW HAMPSHIRE RIVE 6036581786 5 WHITE OAK DRIVE EXETER NH 03833 KEVIN GOYETTE CFO OF TRWG 6037724700 2020-11-11 1 SETH BRODY P01586423 2156433900 2020-11-10 67.137.57.251 2020-11-11 11:47:17 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 33606F56446349C6F3CC8EC282D83D2A1BEEB1C8 2019 2021-01-29 14:40:06Z DEB RIDDELL 5 WHITE OAK DRIVE EXETER NH 03833 69321053 0 X WWW.RIVERWOODSRC.ORG X 1983 NH TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY 12 10 728 296 0 0 506887 997388 35872160 36835079 7805423 6218582 577696 189362 44762166 44240411 395165 300626 0 0 20972250 22624036 0 0 0 20703106 21350323 42070521 44274985 2691645 -34574 191039747 186307257 258148166 257552010 -67108419 -71244753 X TO ESTABLISH, OWN, AND MAINTAIN CHARITABLE CONTINUING CARE RETIREMENT COMMUNITIES WHICH PROVIDE HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY, AND OTHER ANCILLARY SERVICES TO ELDERLY PERSONS. 0 0 34050628 300626 36835079 THE RIVERWOODS COMPANY AT EXETER NEW HAMPHSHIRE (RWE) HAS ONE PRIMARY PROGRAM SERVICE, TO ESTABLISH, OWN AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE SERVICES, FOOD SERVICES, SECURITY AND OTHER ANCILLARY SERVICES TO ELDERLY PERSONS. ON JUNE 30, 2020 THE COMMUNITY HOUSED APPROXIMATELY 473 RESIDENTS IN INDEPENDENT APARTMENTS AND 113 RESIDENTS IN THE HEALTH CARE CENTERS. OVER THE COURSE OF THE YEAR THE HEALTH CARE CENTERS SERVED APPROXIMATELY 190 RESIDENTS ON A PERMANENT, TEMPORARY, OR PER DIEM BASIS AT A SUBSTANTIALLY DISCOUNTED RATE. THE "CONTRACTUAL ALLOWANCE" (I.E. WRITE-OFF) RELATED TO CARE PROVIDED FOR LIFECARE RESIDENTS WAS IN EXCESS OF $14,200,000 FOR THE FISCAL YEAR ENDED JUNE 30, 2020 (FY20). CONTINUED ON SCHEDULE O. THIS IS AN AVERAGE DISCOUNT OF 74% VERSUS THE STANDARD MONTHLY PRIVATE PAY RATE IN AREA NURSING HOMES AND ASSISTED LIVING FACILITIES. RWE ALSO PROVIDED BENEVOLENCE ASSISTANCE FOR ITS RESIDENTS WHO, THROUGH NO FAULT OF THEIR OWN, HAVE EXHAUSTED THEIR FINANCIAL RESOURCES. FOR FY20, RWE PROVIDED FINANCIAL ASSISTANCE TO A TOTAL OF FOUR RESIDENTS IN THE AMOUNT OF $243,882. 34050628 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 188 0 728 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 10 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X SHELLY CRAIG 6036583007 5 WHITE OAK DRIVE EXETER NH 03833 DAN CHARTRAND TRUSTEE 1.00 0.00 X 0 0 0 SUSAN DESJARDINS TRUSTEE 1.00 0.00 X 0 0 0 MIKE HICKEY TRUSTEE 1.00 0.00 X 0 0 0 SARAH DONNELLY RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 BILL STAFFORD RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 HOWIE ULFELDER RESIDENT TRUSTEE 1.00 0.00 X 0 0 0 JUSTINE VOGEL RWE EX-OFFICIO/TRWG CEO 3.00 37.00 X 0 404967 41131 TAMMY MICHAUD CLERK 1.00 0.00 X X 0 0 0 DENISE BURKE TREASURER 1.00 0.00 X X 0 0 0 DAVE BROWNELL VICE CHAIR 1.00 0.00 X X 0 0 0 CATHY TROWER CHAIR 1.00 0.00 X X 0 0 0 DEB RIDDELL EXECUTIVE DIRECTOR/EX-OFFICIO 40.00 0.00 X X 224236 0 34117 JACK DUNN RESIDENT TRUSTEE - LEFT JUL 2019 1.00 0.00 X 0 0 0 KEVIN GOYETTE TRWG CFO 3.00 37.00 X 0 273484 21372 MARY RULISON SALES COUNSELOR 40.00 0.00 X 150013 0 17604 KATHRYN BOLDUC DIRECTOR OF HEALTH SERVICES 40.00 0.00 X 147324 0 720 MARY FLANAGAN NURSE PRACTITIONER 40.00 0.00 X 142019 0 49596 DIANE SMITH SALES COUNSELOR 40.00 0.00 X 141348 0 4247 CYNTHIA MARTIN VP OF QUALITY 3.00 37.00 X 48426 126932 15268 853366 805383 184055 13 0 1 0 SULLIVAN CONSTRUCTION 258 SOUTH RIVER ROAD BEDFORD NH 03110 CONTRACTOR 2037102 THE RIVERWOODS GROUP 5 WHITE OAK DRIVE EXETER NH 03833 MANAGEMENT AND IT SERVICES 1784165 GEMINI ELECTRIC INC 8 PRISCILLA LANE AUBURN NH 03032 CONTRACTOR 945996 MORRIS PIGEON 273 LITTLEWORTH ROAD MADBURY NH 03823 CONTRACTOR 759957 SELECT REHABILITATION INC PO BOX 71985 CHICAGO IL 60694 THERAPY SERVICES 537862 14 544107 453281 3056 997388 RESIDENT SERVICE FEES 623000 25992227 25992227 HEALTH CENTER FEES 623000 7481388 7481388 EARNED ENTRANCE FEES 623000 3361464 3361464 36835079 3382143 3382143 27917081 25073936 6706 2843145 -6706 2836439 2836439 ANCILLARY RESIDENT SERVICES 812900 189362 189362 189362 44240411 36835079 0 6407944 300626 300626 254754 127377 127377 18145459 15364466 2780993 234451 189219 45232 2680767 2147775 532992 1308605 1039177 269428 1238112 1238112 102954 102954 45876 45876 339682 339682 1070357 563203 507154 202848 153872 48976 843452 681102 162350 992884 148367 844517 4202401 3568469 633932 84804 43709 41095 1372191 1160845 211346 6874122 5478701 1395421 437306 371812 65494 RAW FOOD 1640592 1427315 213277 REPAIRS AND MAINTENANCE 813282 601030 212252 OTHER EMPLOYEE EXPENSES 477481 257843 219638 RESIDENT ACTIVITIES 140480 136376 4104 471499 289344 182155 44274985 34050628 10224357 0 7694729 8307172 1063489 770977 818298 973416 12100000 8066667 249512 216971 756162 856737 196156760 94363052 99129571 101793708 64325712 62094195 4902274 3227414 191039747 186307257 2615899 2879825 20180340 21469613 54660000 52725000 180691927 180477572 258148166 257552010 X -68326398 -72577124 1217979 1332371 -67108419 -71244753 191039747 186307257 X -34574 -3077536 -1024224 X 0 1 X 1 0 X 365876 389335 610846 506887 997388 2870332 33425870 34957150 35367006 35872160 36835079 176457265 317049 289316 533409 189362 1329136 33791746 35663534 36267168 36912456 38021829 180656733 198020 292288 490308 0 198020 292288 490308 180166425 1756542 1634222 2062957 3045550 3382143 11881414 1756542 1634222 2062957 3045550 3382143 11881414 35548288 37297756 38330125 39958006 41403972 192538147 0.93570 0.94380 0.06170 0.05520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 653429 3373 25319 5484 676637 598877 20350 39351 5149 653429 544928 6673 52167 4891 598877 470106 15341 63762 4281 544928 459683 11510 3261 4348 470106 0.00000 1.00000 0.00000 0 0 6691079 6691079 171924527 85201631 86722896 12481467 9161421 3320046 5059687 5059687 101793708 TAX-EXEMPT BOND DEFERRED FINANCING COSTS -177516 OBLIGATION UNDER INTEREST RATE SWAP AGREEMENT, NET 1393867 FUTURE RESIDENTS' DEPOSITS 14941550 REFUNDABLE ENTRANCE FEE LIABILITY 164319671 180477572 X PART V, LINE 4: THE ENDOWMENT FUND WAS ESTABLISHED IN 2006 TO PROVIDE LONG-TERM ASSET GROWTH, DUE TO THE CONSTRAINT THAT ONLY INVESTMENT EARNINGS CAN BE UTILIZED. IT SHOULD BE ABLE TO PROVIDE FUTURE LIQUIDITY FOR ONE-TIME BUDGET SHORTFALLS AND NON-RECURRING EXPENSES WHEN NEEDED. PART X, LINE 2: RWE IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 17 50500 MONTHLY FEE BENEVOLENCE ASSISTANCE 4 243882 C.A.R.E. PROGRAM 10 6244 PART I, LINE 2: RWE HAS TWO SCHOLARSHIP FUNDS WHICH WERE INITIALLY ESTABLISHED BY RESIDENTS AND THE FAMILY OF A DECEASED RESIDENT. THE SPENCER SCHOLARSHIP FUND ASSISTS EMPLOYEES WHO ARE PURSUING A CAREER IN NURSING AND THE PEABODY SCHOLARSHIP FUND PROVIDES FUNDS FOR CHILDREN OF RWE EMPLOYEES WHO WISH TO PURSUE A POST HIGH SCHOOL EDUCATION. EACH OF THESE FUNDS IS SEPARATELY ACCOUNTED FOR AS A RESTRICTED FUND, AND THE ANNUAL DISBURSEMENTS FOR SCHOLARSHIPS IS LIMITED TO 5% OF THE ACCOUNTS' MARKET VALUE AS OF A CERTAIN DATE. THE RESIDENT CHARITABLE FUNDS COMMITTEE HAS ESTABLISHED AN ADDITIONAL SCHOLARSHIP PROGRAM USING FUNDS FROM RWE UNRESTRICTED GIFT FUND. THE SCHOLARSHIPS ARE FOR FIRST-YEAR NURSING STUDENTS AT A LOCAL COMMUNITY COLLEGE. THE DISBURSEMENTS ARE LIMITED TO 1% OF THE VALUE OF THIS FUND AS OF A CERTAIN DATE. WHEN SCHOLARSHIPS ARE AWARDED, THE CHECKS ARE MADE PAYABLE TO THE COLLEGE OR UNIVERSITY FOR THE BENEFIT OF THE STUDENT. THE CHECKS ARE MAILED DIRECTLY BY RWE TO THE INSTITUTION WHICH ENSURES THE FUNDS ARE BEING USED FOR THEIR INTENDED PURPOSE. BENEVOLENCE ASSISTANCE IS PROVIDED EACH MONTH TO RESIDENTS CURRENTLY RECEIVING BENEVOLENCE BENEFITS VIA A CREDIT ON THEIR MONTHLY BILLING STATEMENT. PRIOR TO MOVING MONIES FROM THE BENEVOLENT FUND TO THE OPERATING ACCOUNT, A DETAILED LIST OF FINANCIAL ASSISTANCE AMOUNTS IS PROVIDED TO THE CFO OF TRWG FOR REVIEW AND SIGN OFF. ON AT LEAST AN ANNUAL BASIS A BENEVOLENT FUND TRACKER IS PROVIDED TO THE BOARD FINANCE COMMITTEE. X X X X X 0 0 0 0 0 0 0 0 0 JUSTINE VOGEL RWE EX-OFFICIO/TRWG CEO 0 379967 0 25000 0 0 0 6346 0 34785 0 446098 0 0 DEB RIDDELL EXECUTIVE DIRECTOR/EX-OFFICIO 217456 0 2500 0 4280 0 5355 0 28762 0 258353 0 0 0 KEVIN GOYETTE TRWG CFO 0 248917 0 10000 0 14567 0 5192 0 16180 0 294856 0 0 MARY RULISON SALES COUNSELOR 66107 0 81211 0 2695 0 3584 0 14020 0 167617 0 0 0 MARY FLANAGAN NURSE PRACTITIONER 131919 0 0 0 10100 0 4870 0 44726 0 191615 0 0 0 CYNTHIA MARTIN VP OF QUALITY 48426 121932 0 5000 0 0 778 2105 3344 9041 52548 138078 0 0 PART I, LINE 3 ALL RELATED PARTY COMPENSATION DISCLOSED ON SCHEDULE J, PART II IS COMPENSATION PAID BY THE RIVERWOODS GROUP (TRWG), A RELATED IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION. TRWG USES THE FOLLOWING TO EVALUATE COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER LIKE ORGANIZATIONS, A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE TRWG BOARD/COMPENSATION COMMITTEE. A NHHEFA 020279866 2012-09-28 65605000 FINANCE/REFINANCE RIVERWOODS' EXISTING CONTINUING CARE RETIREMENT COMMUNITY 0 0 0 A 12880000 65605000 452066 65152934 2012 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 DEUTSCHE BANK MORGAN STANLEY TD 9.910000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NHHEFA DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2017 FORM 990, PART III, LINE 4A CONTINUED: RWE WAS FOUNDED IN 1983 AS A NON-PROFIT, CHARITABLE ORGANIZATION, BY A GRASSROOTS GROUP OF SEACOAST-AREA RESIDENTS WHOSE MISSION WAS TO CREATE AN ACTIVE AND ENGAGING CONTINUING CARE COMMUNITY THAT ENHANCED THE FREEDOM OF SENIOR LIVING WHILE EASING THE CHALLENGES OF AGING. A COMMITMENT TO THE LOCAL COMMUNITY: WOVEN INTO THE FABRIC OF OUR FOUNDING PRINCIPLES IS A COMMITMENT TO THE LOCAL COMMUNITY: "TO BE A RESPONSIBLE COMMUNITY THAT PARTICIPATES IN THE LIFE OF THE LARGER COMMUNITY AROUND IT". WE CONSIDER OURSELVES NEIGHBORS OF THE LOCAL COMMUNITY, AND WE ARE DEDICATED TO SERVING THE NEW HAMPSHIRE SEACOAST AREA BOTH WITH OUR TIME AND THROUGH SPONSORED FINANCIAL PARTNERSHIPS. VOLUNTEERING OUR TIME: RWE RESIDENTS CONTRIBUTE HUNDREDS OF HOURS EACH YEAR TO NUMEROUS LOCAL, REGIONAL, AND NATIONAL NON-PROFIT ORGANIZATIONS. RWE IS PROUD OF THE CONTINUED PARTNERSHIP WITH OUR PREVIOUS BIENNIAL GALA RECIPIENT SOCIETY OF ST. VINCENT DE PAUL EXETER NH (SVDP). WITH MORE THAN 100 VOLUNTEERS, SVDP HELPS LOCAL FAMILIES AND ORGANIZATIONS IN A VARIETY OF WAYS INCLUDING PROVIDING FOOD AND OTHER SUPPORT TO PEOPLE IN THE EXETER AREA. IN FY20, RWE RESIDENTS AND STAFF SPENT TIME VOLUNTEERING AT THE SVDP FOOD PANTRY, ORGANIZED A FOOD DRIVE, AND WERE ABLE TO DONATE MULTIPLE BOXES OF FOOD ITEMS AS WELL AS CASH AND GROCERY GIFT CARDS TO BE USED BY SVDP. OUR EMPLOYEES PARTICIPATE ON MANY LOCAL NOT-FOR-PROFIT BOARDS AND SPEND MANY VOLUNTEER HOURS IN THE COMMUNITY. STAFF DONATE THEIR TIME TO MANY WORTHY PROJECTS, INCLUDING THE NEW HAMPSHIRE PUBLIC TELEVISION AUCTION, STAFFORD COUNTY JAIL, PORTSMOUTH HOSPITAL, AND SEACOAST UNITED WAY'S DAY OF CARING. RWE ALSO ENCOURAGES EMPLOYEES TO VOLUNTEER DURING WORK HOURS FOR SPECIAL NON-PROFIT PROJECTS. IN DECEMBER OF 2019, RWE DONATED RESIDENT DECORATED TREES TO THE FESTIVAL OF TREES; A FUNDRAISER ORGANIZED BY THE EXETER AREA CHAMBER OF COMMERCE. THE TREES WERE AUCTIONED OFF WITH PROCEEDS BENEFITTING THE EXETER CHAMBER CHILDREN'S FUND. MAIN STREET AND LINCOLN STREET SCHOOLS, THE LOCAL ELEMENTARY SCHOOLS, HAVE WELCOMED RWE RESIDENTS AS TUTORS AND CLASSROOM AIDES FOR MANY YEARS. IN FY20 WE BEGAN A UNIQUE PARTNERSHIP WITH A 4TH GRADE CLASS AT LINCOLN STREET SCHOOL WHICH HAS CONTINUED THROUGHOUT FY20. THEIR TEACHER WAS LOOKING FOR A UNIQUE WAY OF HELPING HER STUDENTS LEARN TO READ AND WRITE CURSIVE HANDWRITING. THROUGHOUT THE COURSE OF THE SCHOOL YEAR, HER STUDENTS EXCHANGED LETTERS WITH A GROUP OF RWE RESIDENT VOLUNTEERS. BOTH RESIDENTS AND STUDENTS ENJOYED THE PROJECT IMMENSELY! RWE CONTINUES TO FOSTER A GREAT PARTNERSHIP WITH GREAT BAY KIDS CO. STUDENTS FROM GREAT BAY KIDS COME TO RWE TWICE A MONTH DURING THE SCHOOL YEAR AND READ WITH RESIDENT READING BUDDIES. THIS OPPORTUNITY ALLOWS STUDENTS AND RESIDENTS TO INTERACT WITH EACH OTHER AND HELPS THE STUDENTS (RANGING FROM AGE SEVEN TO TWELVE) IMPROVE THEIR READING SKILLS. GREAT BAY KIDS HAS BEEN VISITING OUR HEALTH CARE RESIDENTS FOR YEARS, BUT THIS NEW READING PROGRAM STATED AT THE BEGINNING OF 2017. WALKING SOCCER: IN THE FALL OF 2019, RWE DIRECTOR OF FITNESS ALONG WITH APPROXIMATELY 15 RESIDENTS PARTNERED WITH SEACOAST UNITED TO LAUNCH A COMMUNITY-WIDE WALKING SOCCER LEAGUE. ALREADY ESTABLISHED IN THE UK AND CANADA, BUT NEW TO NEW ENGLAND AND THE US, THE LEAGUE ENCOURAGES ACTIVITY AND CONNECTION AMONG OLDER ADULTS, MANY WHO PLAYED SOCCER IN THEIR YOUNGER DAYS AND MANY WHO ARE LEARNING THE GAME FOR THE FIRST TIME. RWE PROVIDED TRANSPORTATION FOR THE FIRST SIX-WEEK SESSION, HELPING TO ESTABLISH THE PROGRAM SO THAT OTHERS IN THE COMMUNITY COULD GET INVOLVED. THE PROGRAM WAS SO SUCCESSFUL IT WAS PRESENTED AT SEACOAST UNITED'S NATIONWIDE CONVENTION AS A BENCHMARK FOR OTHERS TO EMULATE. PHYSICAL DONATIONS: ANNUAL TOY AND FOOD DRIVES: THE RWE OUTREACH COMMITTEE ORGANIZED A CAMPUS-WIDE TOY DRIVE TO SUPPORT THE EXETER FIREFIGHTER'S HOLIDAY DRIVE, AND A FOOD DRIVE FOR ST. VINCENT DE PAUL IS ALSO AN ANNUAL EVENT. AN ADDITIONAL DONATION OF 30 CASES OF FROZEN COOKIES WERE DONATED IN NOVEMBER OF 2019 TO ST. MICHAEL'S PARISH. SHARING OUR KNOWLEDGE: PART OF THE RWE MISSION IS NOT ONLY TO SHARE AN ENHANCED QUALITY OF LIFE WITH AS MANY OLDER ADULTS AS POSSIBLE, BUT ALSO TEACH OTHERS HOW THEY CAN DO THE SAME. EMPLOYEES REGULARLY SHARE THEIR KNOWLEDGE BY INVITING STUDENTS INTO THE RWE COMMUNITY WHO CAN LEARN FROM THE VAST KNOWLEDGE AND EXPERIENCE OF THE STAFF. OVER THE YEARS WE HAVE HOSTED STUDENTS FROM A VARIETY OF SCHOOLS IN A VARIETY OF COURSEWORK, FROM MARKETING TO FINANCE TO SOCIAL WORK AND HEALTH CARE. FRIENDS FOREVER INTERNATIONAL: IN AN EFFORT TO BRIDGE THE MULTIGENERATIONAL DIVIDE, SUPPORT YOUTH VOLUNTEERS AND LEARN ABOUT THE MANY POWERFUL USES OF NEW COMMUNICATION TOOLS, IN FY20 RWE ONCE AGAIN WELCOMED THE GROUP FRIENDS FOREVER INTERNATIONAL, A 501(C)(3) ORGANIZATION WHICH ALLOWS PEOPLE OF ALL AGES AND BACKGROUNDS TO PARTICIPATE FIRST-HAND IN THE INTERNATIONAL PEACE PROCESS. IN JULY AND AUGUST OF 2019, FOUR GROUPS OF STUDENTS IN TEAMS OF TWO WERE FULLY IMMERSED IN LIVING AT RWE. THE STUDENTS LIVED HERE, ATE HERE, TAUGHT WORKSHOPS AND MET IN GROUPS AS WELL AS ONE-ON-ONE WITH BOTH OUR INDEPENDENT LIVING AND HEALTH CARE RESIDENTS AT ALL THREE CAMPUSES. SPONSORING THE TOTAL COST FOR THEIR ROOM AND BOARD, RWE PROVIDED WAYS FOR THE STUDENTS TO CONTINUE ADVANCING THEIR LEADERSHIP SKILLS BY LEADING PROGRAMS, CLASSES AND WORKSHOPS WITH RESIDENTS, AS WELL AS OFFERING OPPORTUNITIES FOR INTERACTION AND GAMES. INTERNSHIPS: SINCE RWE OPENED ITS DOORS IN 1994, A KEY OBJECTIVE HAS NOT ONLY BEEN TO SHARE OUR EXPERIENCES WITH OTHERS, BUT TO LEARN FROM OTHERS IN THE INDUSTRY AT THE SAME TIME. IN THIS WAY WE BELIEVE WE CAN ELEVATE OUR OWN STANDARDS AT RWE WHILE ALSO PARTICIPATING IN THE ADVANCEMENT OF THE SENIOR LIVING INDUSTRY AS WHOLE. WE HAVE ACCOMPLISHED THIS THROUGH CLOSE INDUSTRY INVOLVEMENT OF OUR SENIOR MANAGEMENT, PARTICIPATION IN TRADE SHOW ACTIVITIES, AND CONTRIBUTING TIMELY AND INFORMATIVE ARTICLES TO INFLUENCING PUBLICATIONS. OUR MANAGEMENT TEAM, RESIDENTS AND STAFF ARE FREQUENTLY ASKED TO SPEAK AT NATIONAL AND REGIONAL INDUSTRY CONFERENCES, ON A NUMBER OF DIVERSE TOPICS WITHIN THE INDUSTRY INCLUDING SOCIAL ACCOUNTABILITY, STRATEGIC ACTION, MANAGING GROWTH, AND PROFESSIONAL DEVELOPMENT. THE COLLABORATIVE RELATIONSHIPS DEVELOPED CONTINUE THROUGHOUT THE YEAR IN ONE-ON-ONE CONVERSATIONS AND LARGER GROUP DISCUSSIONS. THAT SPIRIT OF COLLABORATION POSITIONS ALL OF US IN THE NON-PROFIT SENIOR LIVING INDUSTRY TO BEST SERVE THE EVER-GROWING GROUP OF OLDER ADULTS. ADDITIONAL INTERNSHIPS AND TRAINING IN FY20 INCLUDED: GREAT BAY NURSING STUDENTS (80 HOURS) SOCIAL WORK INTERNSHIPS (TWO, TOTALING 576 HOURS) SOCIAL WORK INTERNSHIP, 2ND YEAR MASTER PROGRAM (300 HOURS) CLINICAL PRECEPT DOCTOR OF NURSE PRACTITIONER INTERNSHIP (80 HOURS) WELLNESS CLINIC NURSE PRACTITIONER STUDENT INTERNSHIP (160 HOURS) FORM 990, PART III, LINE 4A CONTINUED: BUSINESS MANAGEMENT AND PERSONAL FINANCE TRAINING PROGRAMS: ESTABLISHED IN 2016, THE RIVERWOODS BUSINESS MANAGEMENT PROGRAM (RWBMP) OFFERS A VERSION OF A BUSINESS SCHOOL GEARED TOWARD NEW FRONT-LINE LEADERS FROM WITHIN THE RWE STAFF, DEVELOPED AND TAUGHT BY RWE RESIDENTS. THE PROGRAM ACCOMPLISHES TWO CRITICAL OBJECTIVES; PROVIDING STAFF WITH REAL WORLD TOOLS THAT WILL HELP THEM GROW PROFESSIONALLY, AS WELL AS PROVIDING RESIDENTS WITH A MEANINGFUL WAY TO GIVE BACK; ENGAGING RESIDENTS AND STAFF FROM DIFFERENT CAMPUSES WITH VARYING AREAS OF RESPONSIBILITY. IN FY20 THERE WERE 7 RESIDENT FACULTY MEMBERS AND ONE DEAN WHO TAUGHT THE 8-MONTH LONG PROGRAM. IN THE SPRING OF 2018, RWE INTRODUCED A SECOND PROGRAM FOR STAFF CALLED PERSONAL FINANCE, A SIX-WEEK PROGRAM TAUGHT BY FIVE RESIDENT FACULTY MEMBERS AND ONE DEAN. THE PERSONAL FINANCE COURSE CHANGES OVER TIME DEPENDING ON THE NEED AND INTEREST OF THE PARTICIPANTS, COVERING TOPICS LIKE SAVING FOR COLLEGE, PLANNING FOR RETIREMENT, HOW TO CREATE AND LIVE ON A BUDGET, OR EXPLAINING COMPOUND INTEREST. RWBMP 5 PART COURSE JAN-JUNE 2016 8 GRADUATES OCT-JUNE 2017 16 GRADUATES (36 TOOK PART, MANY TAKING COURSES AL A CARTE) OCT-MAY 2018 11 GRADUATES OCT-MAY 2019 6 GRADUATES OCT-DEC 2019 7 PARTICIPANTS* PERSONAL FINANCE FEB-APRIL 2018 9 GRADUATES OCT-NOV 2018 6 GRADUATES MARCH-APR 2019 7 GRADUATES IN TOTAL, 79 PARTICIPANTS HAVE TAKEN SOME PORTION OF ONE OF THESE COURSES SINCE THE INCEPTION OF PROGRAMS. 63 HAVE GRADUATED FROM THE PROGRAMS (COMPLETED ENTIRE COURSE) SOME STAFF HAVE EVEN TAKEN AND COMPLETED BOTH COURSES. * DUE TO THE COVID-19 PANDEMIC, THIS PLANNED COURSE FOR THE EXETER SENIOR MALMANAGEMENT TEAM WAS CUT SHORT BY TWO COURSES AND THE PLANNED SCHEDULE FOR THE PERSONAL FINANCE PROGRAM HAS BEEN POSTPONED. COMMUNITY SPONSORSHIPS: RWE IS A STRONG COMMUNITY PARTNER AND IN ADDITION TO RESIDENT AND STAFF TIME SPENT VOLUNTEERING, RWE HAS ALSO HELPED A NUMBER OF COMMUNITY-WIDE EVENTS AND ORGANIZATIONS WITH FINANCIAL SUPPORT. WHILE MANY PROGRAMS THAT WOULD NORMALLY BE ON OUR LIST OF SPONSORSHIPS, DUE TO THE PANDEMIC, THESE PROGRAMS WERE POSTPONED OR CANCELLED. RWE CONTINUES TO PROVIDE SUPPORT WHEREVER POSSIBLE DESPITE OUR CURRENT SITUATION. ORGANIZATIONS AND CHARITABLE CAMPAIGNS RECEIVING SUPPORT FROM RWE INCLUDE: ARTS IN REACH CONNOR'S CLIMB FOUNDATION EXETER HOLIDAY PARADE EXETER CHAMBER OF COMMERCE EXETER HIGH SCHOOL BOYS SOCCER BOOSTERS EXETER HISTORICAL SOCIETY FRIENDS FOREVER INTERNATIONAL LEADERSHIP SEACOAST PROGRAM NEW HAMPSHIRE CHILDREN'S TRUST NEW HAMPSHIRE WOMEN'S FOUNDATION PORTSMOUTH PRO MUSICA RACIAL UNITY DAY WALK SEACOAST AREA CROP SEACOAST FAMILY PROMISE SEACOAST OUTRIGHT SEACOAST WIND ENSEMBLE ST. ANDREW'S BY THE SEA MUSIC, MUSIC BY THE SEA 2018 SOCIETY ST. VINCENT DE PAUL EXETER THE EXETER CHAMBER "FESTIVAL OF TREES" CHRISTMAS AUCTION THE GREAT BAY STEWARDS VETERANS OF FOREIGN WARS (VFW), EXETER, NH POST #2181 WOMENADE OF GREATER SQUAMSCOTT RWE HAS PROVIDED SMALL HONORARIUMS/DONATIONS TO A NUMBER OF GROUPS WHO HAVE PROVIDED SPEAKERS FOR OUR ON-CAMPUS EDUCATION PROGRAMS, INCLUDING: BIRCHTREE CENTER CASA OF NEW HAMPSHIRE CONCORD COMMUNITY MUSIC SCHOOL EDUCATION AND HOPE EXETER HIGH SCHOOL EXETER HISTORICAL SOCIETY FRIENDS FOREVER INTERNATIONAL MURRAY IRISH DANCE NEW HAMPSHIRE ACADEMY FOR PERFORMING ARTS TOWN OF NOTTINGHAM THEATRE PROGRAM UNIVERSITY OF NEW HAMPSHIRE DEPARTMENT OF POLITICAL SCIENCE RWE ALSO PROVIDES MEETING AND FUNCTION SPACE FREE OF CHARGE FOR SEVERAL LOCAL CIVIC AND RELIGIOUS GROUPS ON A REGULAR BASIS, INCLUDING: AMERICAN RED CROSS BLOOD DRIVE CHRIST CHURCH DAUGHTERS OF THE AMERICAN REVOLUTION EXETER WOMEN'S CLUB FRIENDS FOREVER INTERNATIONAL KURN HATTIN HOME FOR CHILDREN LEADINGAGE MAINE AND NEW HAMPSHIRE NEW HAMPSHIRE PUBLIC TELEVISION (NHPBS) PHILANTHROPIC EDUCATIONAL ORGANIZATION (PEO) RICHIE MCFARLAND CHILDREN'S CENTER ST. VINCENT DE PAUL BOARD OF TRUSTEES TOASTMASTER'S INTERNATIONAL RWE PROVIDES TRANSPORTATION TO RESIDENTS VOLUNTEERING IN THE COMMUNITY. FOR EXAMPLE, RWE SHUTTLES ARE USED TO TRANSPORT RESIDENTS WHO VOLUNTEER AS TROOP GREETERS AT THE LOCAL AIRPORT, THOSE WHO VOLUNTEER AT THE NEW HAMPSHIRE PUBLIC TELEVISION AUCTION AND RWE RESIDENTS AND STAFF WHO VOLUNTEER FOR UNITED WAY'S DAY OF CARING. ANNUAL RWE SCHOLARSHIPS: IN FY20, $50,500 WAS AWARDED TO 17 RECIPIENTS. RIVERWOODS SCHOLARSHIP (FORMERLY BOUTIQUE): $2,500 EACH TO 4 RECIPIENTS = $10,000 PEABODY SCHOLARSHIP: $4,000 EACH TO 5 RECIPIENTS = $20,000 SPENCER MEMORIAL: $3,500 EACH TO 3 RECIPIENTS = $10,500 GREAT BAY COMMUNITY COLLEGE (GBCC): $2,000 EACH TO 5 RECIPIENTS = $10,000 ($2,000 WAS DONATED BY A RESIDENT) C.A.R.E. PROGRAM FOR EMPLOYEES IN NEED: C.A.R.E. STANDS FOR CARING, AIDING, AND RESPONDING TO EMPLOYEE'S FINANCIAL NEEDS. IN JULY OF 2016, A GROUP OF RWE EMPLOYEES CREATED THE C.A.R.E. FUND, DESIGNED TO ASSIST EMPLOYEES OF RWE WHO DEMONSTRATE A FINANCIAL EMERGENCY BEYOND THEIR CONTROL AND PROVIDE THEM WITH LIMITED ASSISTANCE. SINCE THE CREATION OF THE C.A.R.E. FUND, RWE'S HUMAN RESOURCES TEAM AND C.A.R.E. COMMITTEE HAS AWARDED 29 GRANTS TOTALING $15,200. THIS PROGRAM HAS BEEN CRITICAL IN PROVIDING SUPPORT FOR EMPLOYEES WHO HAVE A FAMILY MEMBER WHO IS OUT OF WORK OR HAS OTHERWISE BEEN NEGATIVELY AFFECTED BY THE FINANCIAL IMPACT OF THE CURRENT PANDEMIC. RWE BENEVOLENCE PROGRAM: AS A NOT-FOR-PROFIT CCRC, RWE HAS A BENEVOLENCE FUND TO HELP RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS, OR HAVE FOUND THEMSELVES UNABLE TO MAKE THEIR FINANCIAL COMMITMENT, THROUGH NO FAULT OF THEIR OWN. IF NEEDED, A RESIDENT CAN TURN TO THE RWE BENEVOLENT FUND, RATHER THAN PLACING FINANCIAL BURDEN ON SENIOR ASSISTANCE PROGRAMS OUTSIDE THE RWE COMMUNITY. RIVERWOODS TRAIL SYSTEM: RWE LANDSCAPING TEAM, WITH THE HELP OF THE RESIDENT TRAILS COMMITTEE, MAINTAINS OVER FOUR MILES OF WALKING AND HIKING TRAILS THAT CIRCUMNAVIGATE OUR THREE CAMPUSES. THESE TRAILS ARE ENJOYED BY RWE RESIDENTS AND STAFF ON A DAILY BASIS BUT ARE ALSO OPEN AND WIDELY USED BY THE LOCAL EXETER AREA COMMUNITY. RETAIL SUPPORT: PRIOR TO THE PANDEMIC, RWE CONCIERGE SERVICE OFFERED THREE DAYS EACH WEEK OF FREE TRANSPORTATION TO LOCAL GROCERY STORES, DOCTOR'S OFFICES, HAIRDRESSERS AND TO THE ACTIVE DOWNTOWN DISTRICT. RWE RESIDENTS ESPECIALLY CONTRIBUTE TO THE LOCAL ECONOMY, AS DO OUR EMPLOYEES. THIS PAST FISCAL YEAR RWE ONCE AGAIN ORGANIZED AND HOSTED THE SEVENTH ANNUAL EXETER HOLIDAY FAIR. THE WELL-ATTENDED EVENT FEATURED SEVERAL DOZEN AREA BUSINESSES FROM EXETER TO HAMPTON. EACH BUSINESS HAD A BOOTH SHOWCASING THEIR GOODS AND/OR SERVICES FOR RESIDENTS AND EMPLOYEES. DURING THE EARLY DAYS OF THE PANDEMIC WHEN OUR RESIDENTS WERE NOT LEAVING CAMPUS TO SHOP OR DINE OUT, OUR TEAM ORGANIZED WEEKLY "TAKE-OUT" OPPORTUNITIES IN WHICH ORDERS WERE PLACED ON BEHALF OF RESIDENTS AT A SINGLE LOCAL RESTAURANT EACH WEEK. FROM LOBSTER ROLLS TO PIZZA AND MEXICAN FOOD, ICE CREAM, COOKIES AND BAGELS, RWE SOUGHT TO SUPPORT LOCAL SMALL BUSINESS OWNERS WHENEVER AND WHEREVER POSSIBLE DURING THESE UNPRECEDENTED TIMES. OUR ON-CAMPUS COUNTRY STORES WERE STOCKED WITH STAPLES AND A SELECTION OF GOODS ALL PURCHASED AT A LOCAL GROCERY STORE. SOME OF THESE LOCAL BUSINESSES INCLUDE, BUT ARE NOT LIMITED TO: ACADEMY PIZZA ANI'S BAGELS CHERRY BOMB COOKIE CO. LOBSTER BOAT FRONT ROW PIZZA HEAVENLY DONUTS LAS OLAS LINDY'S GENERAL STORE MARKET BASKET MEMORIES ICE CREAM FORM 990, PART VI, SECTION A, LINE 1 THE CURRENT RESIDENT BOARD REPRESENTATIVES ARE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE EXECUTIVE DIRECTOR OF RWE WILL SERVE ON THE BOARD OF TRUSTEES (THE BOARD) AS EX-OFFICIO WITH FULL VOTING RIGHTS. THE BOARD MAY VOTE TO EXCLUDE THE EXECUTIVE DIRECTOR OF RWE FROM ITS MEETINGS IF DISCUSSING PERSONNEL MATTERS RELATING TO THE EXECUTIVE DIRECTOR AND/OR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE WILL CONSIST OF THE OFFICERS OF THE BOARD, CURRENTLY THE CHAIR, VICE-CHAIR, TREASURER AND CLERK, AND WILL EXERCISE THE FULL AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE WILL BE RESPONSIBLE TO THE BOARD AND WILL REPORT ITS ACTIONS AT EACH MEETING OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL ALSO SERVE AS THE COMPENSATION COMMITTEE OF THE BOARD. MEMBERS OF THE BOARD OF TRUSTEES WILL NOT RECEIVE COMPENSATION FOR THEIR SERVICES AS TRUSTEES; HOWEVER, A MEMBER OF THE BOARD OF TRUSTEES MAY RECEIVE REIMBURSEMENT OF DIRECT OUT-OF-POCKET EXPENSES FOR EFFORTS MADE ON BEHALF OF RWE. FORM 990, PART VI, SECTION A, LINE 3 THE RIVERWOODS GROUP (TRWG), A RELATED PARTY, PROVIDES OVERSIGHT TO THE OVERALL FRAMEWORK OF RWE. TRWG PRIMARILY PROVIDES ADMINISTRATIVE SERVICES TO RWE WHICH DO NOT INVOLVE ANY SIGNIFICANT MANAGERIAL DECISION MAKING, BUT TRWG DOES HAVE ULTIMATE AUTHORITY AND RESPONSIBILITY FOR RWE'S BUDGET. RWE PAID TRWG A MANAGEMENT FEE OF $1,238,112 FOR SERVICES RENDERED DURING THE TAX YEAR. COMPENSATION PAID TO OFFICERS AND/OR KEY EMPLOYEES OF RWE BY TRWG IS NOT CONSIDERED TO BE A COMPONENT OF THE MANAGEMENT FEE. ANY COMPENSATION PAID BY TRWG IS AS AN EMPLOYEE OF TRWG; AS REQUIRED THIS COMPENSATION IS DISCLOSED ON FORM 990, PART VII, COLUMN (E) AND (F) AS WELL AS ON SCHEDULE J, PART II AS COMPENSATION FROM A RELATED ORGANIZATION; NO COMPENSATION IS DEEMED TO HAVE BEEN PAID BY RWE TO THESE INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 6 TRWG, AN IRC SECTION 501(C)(3) SUPPORTING ORGANIZATION, IS THE SOLE MEMBER OF RWE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRWG IS REQUIRED TO APPROVE/ELECT ALL TRUSTEES OF RWE. FORM 990, PART VI, SECTION A, LINE 7B EACH OF THE FOLLOWING ACTIONS BY RWE'S BOARD MUST BE APPROVED BY TRWG BEFORE IT BECOMES EFFECTIVE: (A) REMOVAL OF A MEMBER OF THE RWE'S BOARD; (B) FINAL ADOPTION OF, AND ANY APPROVAL OF A MATERIAL DEVIATION FROM, THE ANNUAL AND ANY REVISED OPERATING AND CAPITAL BUDGETS OF RWE; (C) FINAL ADOPTION OF, AND ANY APPROVAL OF A MATERIAL DEVIATION FROM, RWE'S STRATEGIC PLAN; (D) TRANSFER TO ANY PERSON OR ORGANIZATION, WITH OR WITHOUT CONSIDERATION, DURING ANY TWELVE (12) MONTH PERIOD OF TANGIBLE, INTANGIBLE OR MIXED ASSETS WITH A VALUE IN EXCESS OF $500,000; (E) ANY SINGLE INCURRENCE, OR CUMULATIVE INCURRENCES IN ANY TWELVE (12) MONTH PERIOD, OF INDEBTEDNESS BY RWE IN EXCESS OF $2.5 MILLION; (F) SALE, LEASE OR EXCHANGE OF ANY MATERIAL PORTION OF THE ASSETS OF, OR THE STATUTORY MERGER, CONSOLIDATION, CORPORATE DIVISION, DISSOLUTION, OR LIQUIDATION OF, RWE OR ANY SUBSIDIARY OF RWE; (G) APPOINTMENT OF A FIRM OF INDEPENDENT PUBLIC ACCOUNTANTS TO CONDUCT AN INDEPENDENT AUDIT OF RWE'S FINANCIAL STATEMENTS OR A SPECIAL PROJECT WHICH MATERIALLY IMPACTS ASSETS, REVENUES OR OPERATIONS; (H) THE PARTICIPATION BY RWE OR ANY SUBSIDIARY OF RWE IN A KEY STRATEGIC RELATIONSHIP; (I) APPOINTMENT, EVALUATION, AND COMPENSATION OR TERMINATION OF THE EXECUTIVE DIRECTOR OF RWE; (J) ELIMINATION OR ADDITION OF ANY MATERIAL HEALTH CARE SERVICE OR PROGRAM BY RWE OR ANY SUBSIDIARY OF RWE; (K) THE AMENDMENT OF THE ARTICLES OF AGREEMENT, BYLAWS OR OTHER GOVERNING DOCUMENTS OF RWE WHERE SUCH PROPOSED AMENDMENT WOULD (I) IMPACT THE POWERS RESERVED TO TRWG IN THESE BYLAWS, (II) REASONABLY BE EXPECTED TO HAVE ANY MATERIAL STRATEGIC, COMPETITIVE OR FINANCIAL IMPACT ON ONE OR MORE PARTICIPANT ORGANIZATIONS OR ON THE SYSTEM AS A WHOLE, OR (III) IMPACT THE OBLIGATIONS OF RWE UNDER ANY AGREEMENT BETWEEN OR AMONG THE PARTICIPANT ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. RWE HAS AUTHORIZED REVIEW AND FILING OF THE FORM 990 TO THE TRWG AUDIT COMMITTEE. DRAFT COPIES WERE DISTRIBUTED AND REVIEWED BY THE AUDIT COMMITTEE AT THE MEETING WHICH WAS HELD ON NOVEMBER 5, 2020. AFTER REVIEW BY TRWG'S AUDIT COMMITTEE, A FULL COPY OF THE FINAL FORM 990 WILL BE PROVIDED TO RWE'S BOARD VIA A LINK TO A SECURE WEBSITE AND THE RWE'S BOARD WILL BE NOTIFIED THAT IT IS AVAILABLE FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE QUESTIONNAIRE IS PREPARED AND AFFIRMATIVE ANSWERS ARE REVIEWED BY RWE'S LEGAL COUNSEL. NO TRUSTEE SHALL PARTICIPATE AS A MEMBER OF THE BOARD IN ANY DECISION AFFECTING THAT TRUSTEE'S PERSONAL FINANCIAL WELFARE OR THE FINANCIAL WELFARE OF ANY OTHER PERSON, ORGANIZATION OR INSTITUTION WITH WHICH THAT TRUSTEE IS AFFILIATED AS AN OWNER, EMPLOYEE, BOARD MEMBER, OR STOCKHOLDER. THIS SHALL NOT PRECLUDE A TRUSTEE FROM VOTING ON MATTERS AFFECTING THE OPERATION OF RWE FOR THE SOLE REASON THAT A FAMILY MEMBER IS A RESIDENT OF THE FACILITY. IN THE EVENT A TRUSTEE HAS SUCH A CONFLICT IN A MATTER WHICH IS BEING EXPOUNDED, DELIBERATED AND/OR VOTED UPON BY THE BOARD, SAID TRUSTEE SHALL ABSENT HIMSELF/HERSELF FROM THE BOARD, AND IF THE BOARD MEETING IS NOT OPEN TO THE PUBLIC AT LARGE, SHALL ABSENT HIMSELF/HERSELF FROM THE MEETING ROOM FOR THE TIME PERIOD DURING WHICH THE TOPIC IS UNDER DELIBERATION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. THIS PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. PAY RANGES FOR SIMILAR POSITIONS ARE ANALYZED ANNUALLY AND COMPARED TO WAGE INFORMATION OBTAINED THROUGH SALARY SURVEYS AND OTHER LABOR MARKET RESOURCES WITH SIMILAR CONDITIONS. THE CEO OF TRWG ALSO CONTRACTS WITH AN INDEPENDENT CONTRACTOR WHO HELPS FACILITATE THE GATHERING OF SALARY INFORMATION AND SHARES THAT INFORMATION WITH THE RWE EXECUTIVE COMMITTEE. CONSIDERATION IS GIVEN TO THE FOLLOWING IN DEVELOPING PAY RANGES: -PREVAILING RATES FOR SIMILAR WORK IN OTHER SIMILAR INSTITUTIONS -NATIONAL, REGIONAL AND LOCAL SALARY PATTERNS -APPLICABLE LEGAL REQUIREMENTS -STANDARDS ESTABLISHED BY PROFESSIONAL ORGANIZATIONS -THE FINANCIAL STATUS OF RWE THE EXECUTIVE DIRECTOR'S COMPENSATION WAS MOST RECENTLY PROPOSED BY THE CEO OF TRWG AND APPROVED BY THE EXECUTIVE COMMITTEE DURING 2019. FORM 990, PART VI, SECTION B, LINE 15B: TOP MANAGEMENT POSITIONS, ARE OVERSEEN BY THE EXECUTIVE DIRECTOR, BUT FINAL REVIEW AND APPROVAL IS CONDUCTED BY THE BOARD. THIS PROCESS AND FINAL DETERMINATIONS ARE TIMELY DOCUMENTED IN THE BOARD MINUTES. ALL EXECUTIVE POSITIONS WERE REVIEWED BY AN INDEPENDENT CONSULTANT IN 2019. IN ADDITION, SALARY SURVEYS, FORM 990'S OF OTHER ENTITIES AND INTERNAL EQUITY WERE ALL CONSIDERED. SALARY RANGES FOR ALL POSITIONS WERE DEVELOPED USING SIMILAR DATA AS OUTLINED ABOVE FOR THE EXECUTIVE DIRECTOR. THE INFORMATION IS USED BY THE EXECUTIVE DIRECTOR IN THE DEVELOPMENT OF SALARY RANGES. DURING THE BUDGETING PROCESS, THE BOARD APPROVES THE COMPENSATION BUDGET WHICH LISTS EACH OFFICER AND KEY EMPLOYEE SEPARATELY. FORM 990, PART VI, SECTION C, LINE 19 RWE MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS -1,004,636. CHANGE IN CHARITABLE GIFT ANNUITY LIABILITY -19,588. THE RIVERWOODS GROUP 5 WHITE OAK DRIVE EXETER NH 03833 451450956 FURTHER THE MISSIONS OF THE RIVERWOODS GROUP MEMBERS NH 501(C)(3) LINE 12A, I N/A 0 RIVERWOODS DURHAM 5 WHITE OAK DRIVE EXETER NH 03833 820719418 CONTINUING CARE RETIREMENT COMMUNITY IN THE DEVELOPMENT STAGES NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 0 BIRCH HILL TERRACE 200 ALLIANCE WAY MANCHESTER NH 03102 223015416 ESTABLISH, OWN AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 THE RIVERWOODS GROUP 0 WOMEN'S AID DBA PEARL MANOR 200 ALLIANCE WAY MANCHESTER NH 03102 020222249 PROVIDE SUPPORT FOR BIRCH HILL TERRACE NH 501(C)(3) PF BIRCH HILL TERRACE 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0